Toy ‘R’ Us in Asia Unaffected by its Global Company’s Bankruptcy

As the global retailer Toys ‘R’ Us files bankruptcy protection in the US, its businesses in Asia remain unaffected.

As the global retailer Toys ‘R’ Us files bankruptcy protection in the US, its businesses in Asia remain unaffected.

The Asian operations of Toys ‘R’ Us are not affected by the bankruptcy

The global retailer has filed for bankruptcy protection, strangled by heavy debt and a tough environment for physical stores. In Asia, Fung Retailing holds 15% stake in Toy ‘R’ Us while the global company owns the remaining.

There are 11 Toy ‘R’ Us stores in Singapore and it runs more than 220 outlets in East and Southeast Asia, with another licensed outlets in the Philippines and Macau.

Mobike marks its first US entry with the debut in Washington D.C.

China’s Mobike dockless bicycles are now seen on the street of Washington D.C., as the company debuts its entry to North America.

The United States is Mobike’s first destination in North America and its seventh overseas market, following Britain, Italy, Japan, Singapore, Thailand, and Malaysia. It is also determined to cultivate bike-sharing culture by working with cities across the globe.

Before entering the United States, Mobike partnered with U.S. telecom giant AT&T, and Qualcomm to better serve local riders.